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News & Insights: No Hibernation for the Bears Yet : Nico Smidnicosmid.substack.com/p/news-and-insights-no-hibernation
56 sats \ 1 comment \ @utxo 1 Nov 2022 bitcoin
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10 sats \ 0 replies \ @BTCMiner 1 Nov 2022
Here's the Tweet by the author that kicks off the Twitter thread where this newsletter issue was shared:
Are we seeing another miner capitulation? Unlike last summer, the 30DMA is not crossing the 60DMA. Hash Ribbons Indicator suggest that miners are NOT capitulating at the moment and will not capitulate on the short term. However, this does not mean miner are not in distress 🧵👇
https://i.postimg.cc/mkt5C3Nx/image.jpg
https://twitter.com/Smidnico/status/1587449804677939202 [Nitter]
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